1, the maximum amount is limited.
Provident fund loans do not mean that borrowers can borrow as much as they want, but there are certain restrictions on the maximum loanable amount. For example, the Chengdu housing provident fund loan policy stipulates that the maximum loan amount for single employees is 400,000, and the maximum loan amount for dual employees is 700,000. Therefore, it is easy to lead to the provident fund loan amount can not meet the needs of property buyers.
2. Developers do not accept provident fund loans.
Although provident fund loans are favorable policies for property buyers, many developers don't like them, because the approval period of provident fund loans is long, and developers are slow to withdraw funds, and they bear greater risks.
3. Provident fund loans have restrictions on loan targets.
Although provident fund loans are issued to employees who have paid the provident fund, there is a major premise: the provident fund has been paid in full for more than six months, and individual cities require it to be paid for more than twelve months. Therefore, not everyone is eligible to apply for provident fund loans.
4. Insufficient balance in the provident fund account will affect the loan amount.
Although the housing provident fund centers around the country have clearly stipulated the maximum amount of provident fund loans, the specific loan amount is closely related to the borrower's provident fund account balance. If the account balance is too small, the loan amount applied for is very low, and even the loan cannot be obtained.
Housing provident fund loan amount
The loan amount of the provident fund is regulated according to levels, with the highest loan of 800,000 for Grade A, 920,000 for Grade AA and 0/0.04 million for Grade AAA. The longest loan period of the provident fund is 30 years, which is subject to the age of the husband and wife, and the age plus loan period cannot exceed 70, which is also related to the age of the building. The building age plus loan period of brick-concrete structure cannot exceed 47, and the building age plus loan period of steel-concrete structure cannot exceed 57.